81% or 92%? Democratic and Socialist MPs clash over national debt

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Former minister of finance, Anila Denaj said that the level of our national debt is currently at 80.1%, not 84% as has been declared by the president.

This substantial increase in public debt she said, has come as a result of the Reconstruction scheme which has already forced the state to allocate a total of $650 million dollars from the state budget.

“The declared public debt is at a level of 80.1%. I don’t know where the president found the 84% figure” – said Denaj.

According to Denaj, in 2019, the level of public debt was at 66%, whereas, in 2013, it went up to 72%.

The deputy chair of DP, Jorida Tabaku, said that the current figure published by the Ministry of Finance doesn’t include the debt Albania has to pay due to the most recent PPP projects and the trials our country lost at the International Court of Arbitration.

Tabaku also added that all these expenditures will have to be paid so they should have been calculated into the national debt.

She also mentioned the debt that the state owes to the National Bank, after selling the former Dajti hotel to BSH, during Berisha’s administration, along with unpaid electricity bills.

“When we put them all together, they reach 12% of our GDP, which if added to the public debt of 80.1%, they reach 92% of our GDP,” – said Tabaku.

The Democrat also added that this level of debt which has reached a record high for the past 17 years, puts the state at grave fiscal risk.

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